Achaogen Inc (NASDAQ:AKAO) major shareholder Robert W. Duggan bought 49,660 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was bought at an average price of $11.36 per share, with a total value of $564,137.60. Following the completion of the purchase, the insider now owns 6,294,808 shares of the company’s stock, valued at $71,509,018.88. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Achaogen Inc (NASDAQ AKAO) traded up $0.27 on Friday, hitting $11.50. The stock had a trading volume of 1,150,745 shares, compared to its average volume of 855,245. The company has a market capitalization of $502.27, a PE ratio of -3.25 and a beta of 1.28. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.83 and a current ratio of 4.83. Achaogen Inc has a 52 week low of $9.83 and a 52 week high of $27.49.

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Achaogen (NASDAQ:AKAO) last released its quarterly earnings results on Tuesday, February 27th. The biopharmaceutical company reported ($0.98) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.77) by ($0.21). Achaogen had a negative net margin of 1,124.10% and a negative return on equity of 83.14%. The business had revenue of $1.87 million for the quarter, compared to the consensus estimate of $1.18 million. equities analysts forecast that Achaogen Inc will post -3.5 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in AKAO. California Public Employees Retirement System bought a new stake in Achaogen during the second quarter worth approximately $243,000. The Manufacturers Life Insurance Company raised its holdings in Achaogen by 1,743.3% during the second quarter. The Manufacturers Life Insurance Company now owns 23,225 shares of the biopharmaceutical company’s stock worth $505,000 after purchasing an additional 21,965 shares in the last quarter. California State Teachers Retirement System bought a new stake in Achaogen during the second quarter worth approximately $1,117,000. Sei Investments Co. raised its holdings in Achaogen by 22.2% during the third quarter. Sei Investments Co. now owns 88,000 shares of the biopharmaceutical company’s stock worth $1,404,000 after purchasing an additional 16,000 shares in the last quarter. Finally, Hikari Power Ltd bought a new stake in Achaogen during the third quarter worth approximately $479,000. 77.37% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have commented on AKAO shares. Guggenheim restated a “buy” rating and issued a $14.00 target price on shares of Achaogen in a research note on Wednesday, January 10th. Zacks Investment Research raised Achaogen from a “sell” rating to a “hold” rating in a report on Monday, December 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target (down previously from $29.00) on shares of Achaogen in a report on Wednesday, February 28th. HC Wainwright lifted their price target on Achaogen from $25.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, Stifel Nicolaus cut their price target on Achaogen from $27.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.10.

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About Achaogen

Achaogen, Inc is a late-stage biopharmaceutical company. The Company is engaged in the discovery, development and commercialization of antibacterial treatments against multi-drug resistant (MDR) gram-negative infections. The Company is involved in researching and developing plazomicin, its lead product candidate, for the treatment of serious bacterial infections, including complicated urinary tract infection (cUTI), blood stream infections and other infections due to MDR Enterobacteriaceae, including carbapenem-resistant Enterobacteriaceae (CRE).